353
353
Feb 13, 2012
02/12
by
CNBC
tv
eye 353
favorite 0
quote 0
we need to be on the path where we bring our deficit under control. right now we have a recovery that's taken root and if we put in austerity measures right now, it would take the economy in the wrong way so "the new york times," for example, has argued that 2012, 2013 is not the time for austerity. >> congress is free to ignore the president's budget proposal and they have declared it dead on arrival. in other washington news, paul volcker expect ed to file publi comment on the rule bearing his name. he will argue the u.s. financial system will be healthier with a ban on proprietary trading by banks. the form earp federal reserve chairman is expected to say too much liquidity leads to people endlessly raise aing asset prices on the assumes that a greater fool will always be found. volcker believes the complexity of the rules is unavoidable. financial firms file letters oppo the so-called volcker rule. >> in global headlines japan's economy shrinking 2.3%. manufacturers were hit by the strong yen and weak export demand and the european debt crisis and
we need to be on the path where we bring our deficit under control. right now we have a recovery that's taken root and if we put in austerity measures right now, it would take the economy in the wrong way so "the new york times," for example, has argued that 2012, 2013 is not the time for austerity. >> congress is free to ignore the president's budget proposal and they have declared it dead on arrival. in other washington news, paul volcker expect ed to file publi comment on the...
206
206
Mar 6, 2012
03/12
by
CNBC
tv
eye 206
favorite 0
quote 0
even the negotiation over deficit reduction gets a lot ease krier. if you are hitting those more impressive gdp numbers because the projections about revenue come in, get a lot larger. second thick on bowles simpson in particular i actually don't think the administration got that one wrong. had they embraced bowles simpson immediately that becomes the left of the debate and the compromise would come several ticks to the right. i think they played that well. >> the longer you put off doing this the bigger and bigger problems you have particularly with the entitlement programs and the more draconian the if fix is going to have to be. >> i disagree. if you do this prematurely and growth just gets in the limbo of 1.52% a year be a you don't exceed that, balancing the budget over the ten-year period, it's really hard. >> but talking about deficit reduction, what deficit reduction steps that the obama administration took are you talking about? >> well, they had this basically three, three and a half month negotiation that began in late april of 2011, conti
even the negotiation over deficit reduction gets a lot ease krier. if you are hitting those more impressive gdp numbers because the projections about revenue come in, get a lot larger. second thick on bowles simpson in particular i actually don't think the administration got that one wrong. had they embraced bowles simpson immediately that becomes the left of the debate and the compromise would come several ticks to the right. i think they played that well. >> the longer you put off doing...
287
287
Nov 28, 2012
11/12
by
CNBC
tv
eye 287
favorite 0
quote 0
on a sustainable path towards long-term economic growth and deficit reduction. hard to believe he could get through all of that and not use the term "rise above." he's deliberately leaving that out. he goes on to say the economic consequences of not rising above, he could have said, but he said of inaction, by our government could have been terrible. severe negative impact on every taxpayer and a painful return to recession. the e-mail includes a link to help employees find their representatives in washington and send an e-mail. i like this, but everybody -- send the link to the white house. rise above. i'm not wearing one today. >> i noticed. >> i'm not. because i think the white house is thumbing their nose at me. >> at you personally? >> at me personally. i'm wearing that, they're saying no, joe, no. did you read the front page of "the wall street journal"? hardening their positions. >> the democrats certainly are. what i wonder at this point is if the president by campaigning so hard to push it this way is going to push part of the wing of his party so far t
on a sustainable path towards long-term economic growth and deficit reduction. hard to believe he could get through all of that and not use the term "rise above." he's deliberately leaving that out. he goes on to say the economic consequences of not rising above, he could have said, but he said of inaction, by our government could have been terrible. severe negative impact on every taxpayer and a painful return to recession. the e-mail includes a link to help employees find their...
202
202
Dec 5, 2012
12/12
by
CNBC
tv
eye 202
favorite 0
quote 0
. >> howard dean is a deficit hawk. liberal, but he is a deficit hawk. he doesn't say maybe if we can't get a deal together, maybe we'd be okay with the fiscal cliff. he says that is the best deal for everyone, the best deal for progressives, just to do it. to go back to the clinton era rates. you get rid of three quarters of the deficit just on tax increases at that point. >> and he says you get defense cuts. >> you can't get defense cuts any other way. and he's not the only one. there's a lot of people on the left and there's quite a few people on the right. i'm glad you're optimistic and a lot of ceos and guys in your position -- if you run a company, you don't need consumers petrified and business people petrified. this is the last thing we need if you run a company. i understand you have a horse in the game. >> but you also have the double trigger. if you go over the cliff, we've got the debt ceiling fight right afterwards. it's not like that's six months down the line. that's in if first month, six weeks of the new year. >> the other thing, dependi
. >> howard dean is a deficit hawk. liberal, but he is a deficit hawk. he doesn't say maybe if we can't get a deal together, maybe we'd be okay with the fiscal cliff. he says that is the best deal for everyone, the best deal for progressives, just to do it. to go back to the clinton era rates. you get rid of three quarters of the deficit just on tax increases at that point. >> and he says you get defense cuts. >> you can't get defense cuts any other way. and he's not the only...
282
282
Aug 22, 2012
08/12
by
CNBC
tv
eye 282
favorite 0
quote 0
no big social security debate, no big deficit debate. it's about some swing voters in some zip codes in ohio or florida. >> that says voters still do not want to confront the most serious of issues that face this country, i think, right? they're not willing to go out and make that huge leap and say you know what, social security and all these entitlements, they do need to be reformed. >> it's been something you've seen a lot of different people who have tried to get a serious discussion going in the american public, people who have been trying to create a real conversation about a serious problem and you wonder if it can take hold. >> i was looking at this headline of the "usa today" money section, do big investors hate social media. it's plating off of peter teel, the biggest angel investor of facebook setting this huge chunk of stock. he still sits on the board, really raising the issue of -- by the way, he's not the on bly big investor who sold out of these stocks. jim cramer had this great -- call it a rant, whatever you want to call
no big social security debate, no big deficit debate. it's about some swing voters in some zip codes in ohio or florida. >> that says voters still do not want to confront the most serious of issues that face this country, i think, right? they're not willing to go out and make that huge leap and say you know what, social security and all these entitlements, they do need to be reformed. >> it's been something you've seen a lot of different people who have tried to get a serious...